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T

Tze Shin International Co 2611.TW · TWD

Industrials · Taiwan Stock Exchange · 🇹🇼 Taiwan

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15.40

+3.70%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 672.1m

FY2016FY2025

Net income

TWD 98.6m

FY2016FY2025

Free cash flow

−TWD 144.0m

FY2016FY2025

Shareholders' equity

TWD 2.71bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 672.1mTWD 687.1mTWD 617.3mTWD 730.0mTWD 791.8mTWD 605.8mTWD 902.9mTWD 937.7mTWD 1.03bnTWD 1.22bn
Operating incomeTWD 11.4mTWD 348.4mTWD 490.6m−TWD 227.9mTWD 138.6mTWD 262.8mTWD 91.5mTWD 771,000−TWD 19.2m−TWD 41.8m
Net incomeTWD 98.6mTWD 310.4mTWD 468.0m−TWD 245.2mTWD 291.2m−TWD 61.0m−TWD 120.2mTWD 51.6mTWD 10.0m−TWD 65.8m
Diluted earnings per share0.441.642.47-1.301.57-0.32-0.620.260.05-0.34

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 4.03bnTWD 4.43bnTWD 4.20bnTWD 3.59bnTWD 4.23bnTWD 4.53bnTWD 4.69bnTWD 4.32bnTWD 4.38bnTWD 4.49bn
Cash and short-term investmentsTWD 1.70bnTWD 2.27bnTWD 2.11bnTWD 1.64bnTWD 2.23bnTWD 1.83bnTWD 1.36bnTWD 1.31bnTWD 1.26bnTWD 1.28bn
Total liabilitiesTWD 1.13bnTWD 1.26bnTWD 960.5mTWD 879.7mTWD 962.1mTWD 1.80bnTWD 1.99bnTWD 1.50bnTWD 1.59bnTWD 1.78bn
DebtTWD 847.8mTWD 939.3mTWD 790.6mTWD 693.1mTWD 754.2mTWD 1.54bnTWD 1.78bnTWD 1.27bnTWD 1.39bnTWD 1.55bn
Shareholders' equityTWD 2.71bnTWD 2.97bnTWD 3.00bnTWD 2.47bnTWD 3.03bnTWD 2.51bnTWD 2.44bnTWD 2.57bnTWD 2.52bnTWD 2.42bn
Shares outstanding222m189m189m189m185m191m193m195m199m191m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations−TWD 126.2mTWD 70.8m−TWD 18.3mTWD 104.6mTWD 338.2m−TWD 57.4mTWD 115.8mTWD 102.9m−TWD 26.9mTWD 839,000
Capital spending−TWD 17.9m−TWD 33.4m−TWD 86.3m−TWD 44.1m−TWD 30.8m−TWD 57.9m−TWD 34.6m−TWD 57.3m−TWD 43.3m−TWD 49.7m
Free cash flow−TWD 144.0mTWD 37.5m−TWD 104.6mTWD 60.5mTWD 307.4m−TWD 115.3mTWD 81.2mTWD 45.6m−TWD 70.2m−TWD 48.9m
Dividends paid−TWD 310.0m−TWD 434.7m—−TWD 171.8m−TWD 4.5m−TWD 4.0m−TWD 73.0m−TWD 8.1m−TWD 2.7m−TWD 8.1m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 270.3mTWD 353.4mTWD 176.6mTWD 156.5mTWD 171.0mTWD 168.0mTWD 184.4mTWD 169.9m
Operating incomeTWD 19.7mTWD 38.7mTWD 9.8mTWD 126.9mTWD 5.5mTWD 8.0mTWD 6.1mTWD 69.1m
Net incomeTWD 117.0mTWD 58.5mTWD 25.8mTWD 138.7mTWD 30.3m−TWD 96.2m−TWD 36.5mTWD 61.0m
Diluted earnings per share0.600.300.120.620.14-0.43-0.190.32
Cash from operationsTWD 97.0mTWD 172.0mTWD 150.0m−TWD 75.0m−TWD 265.0mTWD 18.0mTWD 68.0mTWD 33.0m
Capital spending—−TWD 1.0m−TWD 5.0m−TWD 1.0m−TWD 14.0m−TWD 1.0m−TWD 15.0m−TWD 10.0m
Free cash flow—TWD 171.0mTWD 145.0m−TWD 76.0m−TWD 279.0mTWD 17.0mTWD 53.0mTWD 23.0m
Total assetsTWD 3.79bnTWD 3.87bnTWD 4.03bnTWD 4.13bnTWD 4.28bnTWD 4.21bnTWD 4.43bnTWD 4.49bn
Cash and short-term investmentsTWD 1.69bnTWD 1.69bnTWD 1.70bnTWD 1.71bnTWD 1.75bnTWD 2.10bnTWD 2.27bnTWD 2.27bn
DebtTWD 121.0mTWD 124.2mTWD 354.8mTWD 518.7mTWD 482.5mTWD 441.7mTWD 449.3mTWD 495.1m
Shareholders' equityTWD 2.78bnTWD 2.66bnTWD 2.71bnTWD 2.68bnTWD 2.54bnTWD 2.52bnTWD 2.97bnTWD 3.02bn

Financial ratios

Data as of 26 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin18.7%51.5%80.4%-31.2%17.5%-5.4%
Net margin14.7%45.2%75.8%-33.6%36.8%-10.1%
Return on equity3.6%10.5%15.6%-9.9%9.6%-2.4%
Return on assets2.4%7.0%11.1%-6.8%6.9%-1.3%
Free cash flow yield-3.0%3.4%2.2%4.8%12.2%0.0%
Revenue growth-2.2%11.3%-15.4%-7.8%30.7%-32.9%
Earnings growth-68.2%-33.7%-290.9%-184.2%-577.5%-49.2%
Current ratio7.09x6.33x6.36x5.99x6.69x1.99x
Debt to equity0.13x0.15x0.09x0.08x0.07x0.40x
Equity ratio67.4%67.0%71.5%68.8%71.6%55.4%
Interest coverage7.28x22.28x30.33x-18.08x9.28x-1.34x
Buybacks as a share of market value-17.7%0.2%-0.2%-2.2%3.0%1.5%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-2.7%2.1%-6.8%
Operating income—-46.6%-13.6%
Net income——10.7%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin26.5%23.0%24.9%11.6%
Net margin30.1%23.3%21.0%8.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings33.312.96.7-10.411.7-33.7-10.123.4127.7-17.9
Price to sales4.95.85.13.54.33.41.41.31.21.0

Dividends and splits

Per share, in the currency the company pays

Paid for 2 years. Last went ex-dividend on 1 Apr 2026.

FY2026FY2025FY2024FY2022FY2019FY2018FY2016FY2015
Paid in the year0.521.642.301.000.3770.0910.1340.181
  • 11-for-10 split · 4 Aug 2022
  • 1.015-for-1 split · 10 Sept 2016
  • 1.02-for-1 split · 31 Aug 2015
  • 21-for-20 split · 3 Sept 2013
  • 1000-to-898.447 reverse split · 12 Nov 2012
  • 1.03-for-1 split · 14 Sept 2010

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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